Rev Group (NYSE:REVG) has been assigned a $36.00 price objective by research analysts at Stifel Nicolaus in a research report issued to clients and investors on Friday. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 36.62% from the stock’s current price.
Several other research analysts also recently issued reports on REVG. Zacks Investment Research downgraded shares of Rev Group from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. SunTrust Banks started coverage on shares of Rev Group in a research report on Friday, November 17th. They set a “buy” rating and a $33.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Rev Group has a consensus rating of “Buy” and an average target price of $33.70.
Rev Group (NYSE:REVG) traded up $0.19 during midday trading on Friday, hitting $26.35. 284,623 shares of the company were exchanged, compared to its average volume of 404,757. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.77 and a quick ratio of 0.67. The stock has a market cap of $1,690.00 and a P/E ratio of 56.04. Rev Group has a 1 year low of $23.38 and a 1 year high of $33.15.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its position in Rev Group by 6,218.1% during the second quarter. Royal Bank of Canada now owns 50,545 shares of the company’s stock worth $1,399,000 after acquiring an additional 49,745 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in Rev Group by 58.7% during the second quarter. TIAA CREF Investment Management LLC now owns 33,525 shares of the company’s stock worth $928,000 after acquiring an additional 12,394 shares during the last quarter. Ameriprise Financial Inc. raised its position in Rev Group by 65.5% during the third quarter. Ameriprise Financial Inc. now owns 818,807 shares of the company’s stock worth $23,544,000 after acquiring an additional 323,958 shares during the last quarter. Stifel Financial Corp purchased a new stake in shares of Rev Group during the second quarter worth about $989,000. Finally, Alliancebernstein L.P. purchased a new stake in shares of Rev Group during the second quarter worth about $554,000. Hedge funds and other institutional investors own 26.57% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This news story was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2018/02/09/stifel-nicolaus-reiterates-36-00-price-target-for-rev-group-revg.html.
Rev Group Company Profile
REV Group, Inc is a designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services. The Company operates through three segments: Fire & Emergency, Commercial and Recreation. The Company provides customized vehicle solutions for applications, including essential needs (ambulances, fire apparatus, school buses, mobility vans and municipal transit buses), industrial and commercial (terminal trucks, cut-away buses and street sweepers) and consumer leisure (recreational vehicles (RVs) and luxury buses).
Receive News & Ratings for Rev Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rev Group and related companies with MarketBeat.com's FREE daily email newsletter.